PIPSO SEMI-ANNUAL REPORT OF PROPERTY INSURANCE PLAN COVERAGE

Transcription

1 OF PROPERTY INSURANCE PLAN COVERAGE NEW BUSINESS 1 Number of applications accepted 318 1,102 2 Number of inspections completed 318 1,102 3 Number of new policies issued 318 1,102 RENEWAL BUSINESS 4 Number of requests for renewals 2,159 6,192 5 Number of renewals inspected 821 1,356 6 Number of renewal policies issued 2,159 6,192 RESULTS BY CLASS OF BUSINESS Number of policies issued (new & renewal) 7 Habitational 2,384 7,006 8 Commercial Total Premium Written (000) 9 Habitational 1,277 4, Commercial Total exposure (000) 11 Habitational Commercial 5 14 LOSSES BY CLASS OF BUSINESS Number of Losses Reported 13 Habitational Commercial 6 12 Number of Losses Paid 15 Habitational Commercial 3 9 Total Paid Losses (000) 17 Habitational 641 2, Commercial Total Outstanding Losses - Case Basis (000) 19 Habitational Commercial A

2 OF UNDERWRITING AND INVESTMENT EXPERIENCE PREMIUMS (000) 1 Written Premiums 1,365 4,420 2 Unearned Premium Reserve (End of Prior Period) 3,131 3,201 3 Unearned Premium Reserve (End of Current Period) 2,995 2,995 4 Earned Premiums (Line 1+2-3) 1,501 4,626 LOSSES (000) 5 Paid Losses 651 2,158 6 Current Outstanding (Case) Current Outstanding (IBNR) Prior Outstanding (Case) Prior Outstanding (IBNR) Incurred Losses (Lines ) 516 2,269 LOSS ADJUSTMENT EXPENSE (LAE) (000) 11 Paid LAE (Allocated & Unallocated) Current Outstanding (Allocated and Unallocated) Prior Outstanding (Allocated and Unallocated) Incurred LAE (Line ) OPERATING EXPENSES (000) 15 Commission to Producers Other Operating Expenses (Incl. Service Fees) Unpaid Expenses (Current) Unpaid Expenses (Prior) Operating Expenses Incurred (Line ) 505 1, STATUTORY UNDERWRITING RESULTS (Lines ) MISCELLANEOUS INCOME AND EXPENSES (000) 21 Investment Income Earned Other Income Other Expenses Non-Admitted Assets (Current) Non-Admitted Assets (Prior) Net Other Income or Exps. (Lines ) OPERATING RESULTS (Lines 20+26) A

3 OF PROPERTY INSURANCE PLAN HOMEOWNER COVERAGE SUPPLEMENTAL REPORT NEW BUSINESS 1 Number of applications accepted Number of inspections completed Number of new policies issued RENEWAL BUSINESS 4 Number of requests for renewals 363 1,006 5 Number of renewals inspected Number of renewal policies issued 363 1,006 Number of policies issued (new & renewal) 7 Homeowners 418 1,181 8 Total Premium Written (000) 9 Homeowners Total exposure (000) 11 Homeowners Number of Losses Reported 13 Homeowners Number of Losses Paid 15 Homeowners Total Paid Losses (000) 17 Homeowners Total Outstanding Losses - Case Basis (000) 19 Homeowners A

4 OF HOMEOWNER UNDERWRITING EXPERIENCE SUPPLEMENTAL REPORT PREMIUMS (000) 1 Written Premiums Unearned Premium Reserve (End of Prior Period) Unearned Premium Reserve (End of Current Period) Earned Premiums (Line 1+2-3) LOSSES (000) 5 Paid Losses Current Outstanding (Case) Current Outstanding (IBNR) Prior Outstanding (Case) Prior Outstanding (IBNR) Incurred Losses (Lines ) LOSS ADJUSTMENT EXPENSE (LAE) (000) 11 Paid LAE (Allocated & Unallocated) Current Outstanding (Allocated and Unallocated) Prior Outstanding (Allocated and Unallocated) Incurred LAE (Line ) OPERATING EXPENSES (000) 15 Commission to Producers Other Operating Expenses (Incl. Service Fees) Unpaid Expenses (Current) Unpaid Expenses (Prior) Operating Expenses Incurred (Line ) STATUTORY UNDERWRITING RESULTS (Lines ) (61) (373) 4A PLAN: KENTUCKY FAIR PLAN

5 OF PROPERTY INSURANCE UNDERWRITING EXPERIENCE FOR PLANS PURCHASING REINSURANCE PREMIUMS (000) 1 Written Premiums (Gross) 1,365 4, Reinsurance Ceded Net (Line 1-1.1) 1,318 4,280 2 Unearned Prem. Reserve (End of Prior Period) (Gross) 3,131 3, Reinsurance Ceded Net (Line 2-2.1) 3,123 3,193 3 Unearned Prem. Reserve (End of Current Period) (Gross) 2,995 2, Reinsurance Ceded Net (Line 3-3.1) 2,987 2,987 4 Earned Premiums (Line 1+2-3) (Gross) 1,501 4, Reinsurance Ceded (Line ) Net (Line 4-4.1) 1,454 4,486 LOSSES (000) 5 Paid Losses (Gross) 651 2, Reinsurance Ceded Net (Line 5-5.1) 651 2,158 6 Current Outstanding (Case) (Gross) Reinsurance Ceded Net (Line 6-6.1) Current Outstanding (IBNR) (Gross) Reinsurance Ceded Net (Line 7-7.1) Prior Outstanding (Case) (Gross) Reinsurance Ceded Net (Line 8-8.1) Prior Outstanding (IBNR) (Gross) Reinsurance Ceded Net (Line 9-9.1) Incurred Losses (Lines ) (Gross) 516 2, Reinsurance Ceded (Line ) Net (Line ) 516 2,269 5A (1)

6 OF PROPERTY INSURANCE UNDERWRITING EXPERIENCE FOR PLANS PURCHASING REINSURANCE LOSS ADJUSTMENT EXPENSE (LAE) (000) 11 Paid LAE (Allocated & Unallocated) (Gross) Reinsurance Ceded Net (Line ) Current Outstanding (Allocated & Unallocated) (Gross) Reinsurance Ceded Net (Line ) Prior Outstanding (Allocated & Unallocated) (Gross) Reinsurance Ceded Net (Line ) Incurred LAE (Line ) (Gross) Reinsurance Ceded (Line ) Net (Line ) OPERATING EXPENSES (000) 15 Commission to Producers Reinsurance Ceded Net (Line ) Other Operating Expenses (Incl. Serv. Fees) (Gross) Reinsurance Ceded Net (Line ) Unpaid Expenses (Current) (Gross) Reinsurance Ceded Net (Line ) Unpaid Expenses (Prior) (Gross) Reinsurance Ceded Net (Line ) Opererating Exp. Incurred (Line ) (Gross) 505 1, Reinsurance Ceded (Line ) Net (Line ) 504 1,355 STATUTORY UNDERWRITING RESULTS 20 (Lines ) (Gross) Reinsurance Ceded (Line ) Net (Line ) A(2)